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What a week of market turmoil and the Bank's intervention on gilts means for your money
inews.co.uk/inews-lifestyle/money/week-market-turmoil-banks-intervention-gilts-means-your-money-1883782
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What a week of market turmoil and the Bank's intervention on gilts means for your money
inews.co.uk/inews-lifestyle/money/week-market-turmoil-banks-intervention-gilts-means-your-money-1883782
BoE warns of risks to UK businesses from private equity bubble: Officials escalate warnings about leverage, transparency and valuations
ft.com/content/7fbe3d7e-7c3c-4724-a438-ec21f8eaa220
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Quick Glance: Bank of England monitors private equity and bank valuations
- The Bank of England is examining the risks of the opaque private equity sector and the subdued valuations of Britain's main banks compared to international competitors.
- The Bank will conduct a 'desk based' stress test of lenders this year to assess their resilience to shocks.
- The Bank plans to assess the resilience of financial firms and market infrastructure such as payment, clearing, and settlement systems against cyber attacks, IT glitches, and other disruptions with set deadlines.
Fears About Geopolitics at Record High in BOE Survey of Banks: UK banks and other financial firms worries about geopolitical risk are at their highest level on ...
bloomberg.com/news/articles/2024-03-27/fears-about-geopolitics-at-record-high-in-boe-survey-of-banks
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BOE Says Commercial Real Estate Poses Risk to Stability: The Bank of England warned that risks to the global real estate sector are creating a danger to ...
bloomberg.com/news/articles/2024-03-27/boe-says-commercial-real-estate-poses-risk-to-stability
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SWIFT embraces central bank digital currencies after sandbox success: Promises it can handle digi-bucks and tokenized assets without new infrastructure ...
theregister.com/2024/03/26/swift_cbdc_interop_test/
Bank of England holds rates at 5.25%: Sterling edges down against dollar as markets fully price in three cuts this year
ft.com/content/481466a3-56b1-4c11-aea5-cc855b80c613
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UK Inflation Cools More Than Expected to Slowest Pace Since 2021: UK inflation fell more sharply than expected to the lowest level in 2 1/2 years ...
bloomberg.com/news/articles/2024-03-20/uk-inflation-rate-eases-to-slowest-pace-in-more-than-two-years
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Quick Glance: UK Inflation Rate Drops to 3.4% - Lowest Level in Almost Two and a Half Years - BBC News
- The UK inflation rate fell to 3.4% for the year to February - the lowest level in almost two and a half years.
- Economists predict that inflation is likely to hit the Bank of England's target of 2% this summer.
- Cost of living is increasing while wage growth is outpacing inflation.
- Housing costs are rising faster, putting pressure on renters and homeowners.
BOE Bailey Says UK Is ‘On the Way’ to Winning Inflation Fight: Bank of England Governor Andrew Bailey said the UK is “on the way” to winning its fight against ...
bloomberg.com/news/articles/2024-03-21/boe-bailey-says-uk-is-on-the-way-to-winning-inflation-fight
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Bank of England Research Shows AIM Investment Boost from Tax Cut: A natural experiment in the UK reveals an intuitive truth.
bloomberg.com/news/newsletters/2024-03-28/bank-of-england-research-shows-aim-investment-boost-from-tax-cut
Bank of England Pivot Puts June in Focus for BOE Interest-Rate Cut: The Bank of England has laid the groundwork for a shift to rate cuts after one of the ...
bloomberg.com/news/articles/2024-03-21/bank-of-england-s-quick-pivot-puts-june-in-focus-for-rate-cut
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Britain to slow rise of minimum wage from 2025, government says: Britain's government has ended its push to use increases in the minimum wage to narrow the gap ...
reuters.com/world/uk/britain-slow-rise-minimum-wage-2025-government-says-2024-03-28/
BoE's Mann says markets are pricing in too many rate cuts: Bank of England policymaker Catherine Mann, who last week dropped her call for increases in borrowing ...
reuters.com/markets/europe/boes-mann-says-markets-are-pricing-too-many-rate-cuts-2024-03-26/
Pound (GBP USD) Slips After BOE Hawks Drop Rate Hike Support: UK bonds rallied as traders amped up bets on monetary easing after two of the Bank of England’s ...
bloomberg.com/news/articles/2024-03-21/pound-slips-after-boe-s-most-hawkish-members-drop-vote-for-hike
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The UK Looks Set to Leave Recession Behind: Britain’s very shallow downturn is almost certainly already over.
bloomberg.com/news/newsletters/2024-03-22/the-uk-looks-set-to-leave-recession-behind
UK businesses trim hiring and pay plans, Lloyds says: British businesses trimmed their plans for staffing and wage increases this month, according to a survey ...
reuters.com/business/uk-businesses-trim-hiring-pay-plans-lloyds-says-2024-03-27/
UK homeowners and businesses resilient to high interest rates, BoE says: LONDON, March 27 (Reuters) - British mortgage holders and businesses are generally ...
reuters.com/world/uk/uk-homeowners-businesses-resilient-high-interest-rates-boe-says-2024-03-27/
The Swiss are cutting interest rates. Why can’t we?: The Swiss National Bank (SNB) today became the first major central bank to decide that the time had come to ...
spectator.co.uk/article/the-swiss-are-cutting-interest-rates-why-cant-we/
Quick Glance: Swiss National Bank Surprises with Rate Cut
- The Swiss National Bank cut its main interest rate by 25 basis points to 1.50%, becoming the first major central bank to ease tighter monetary policy aimed at tackling inflation.
- The franc dropped following the decision, boosting the euro to its highest level against the Swiss currency since mid-July last year, with Swiss government bond yields also falling.
- Experts like Karsten Junius and Alexander Koch highlighted the significance of the rate cut due to low inflation rates and the strong franc, with expectations for more rate cuts.
- The decision was widely perceived as a surprise, leading to speculation about further rate cuts in June and September, as inflation forecasts were substantially revised downwards.
Bank of England set to hold interest rates as it awaits more signs on inflation: UK central bank leaving cost of borrowing at 5.25 per cent would chime with ...
ft.com/content/202fbe49-f352-4af2-bd6a-5fc36263b203
Quick Glance: Bank of England Set to Maintain Interest Rates Amid Inflation Signs
- The Bank of England is expected to keep interest rates unchanged this week as it looks for clearer signs that pay growth and services inflation are cooling sufficiently to allow for a cut in interest rates.
- Pricing in the swaps market indicates that the first downward move is likely to occur in August, with additional cuts by the end of the year.
- Steady monetary policy from the BoE, Fed, and ECB signifies that they will lower rates only when there is enough evidence of sustained inflation decline.
- The BoE continues to monitor wage growth and services price increases closely, with pressure for rate cuts expected to rise as consumer price inflation rapidly declines towards the 2 percent target.
Jeremy Hunt is still the Bank of England's Number 1 Fanboy: As everyone knows, the 1990s was the greatest decade in history. Here in the UK ...
bloomberg.com/news/newsletters/2024-03-21/jeremy-hunt-is-still-the-bank-of-england-s-number-1-fanboy
3 ways to save money for people on a fixed income: These tips might help you make the most of your fixed budget well into your golden years
ajc.com/things-to-do/aging-in-atlanta/3-ways-to-save-money-for-people-on-a-fixed-income/HGGEHJ4PHZD33CMT3PGEZTEVQA/
Bets on Pound Rally Climb to Highest Since 2007 Ahead of BOE: Investor bets on pound gains are at the highest level for 17 years, leaving the currency at risk of ...
bloomberg.com/news/articles/2024-03-18/bets-on-pound-rally-climb-to-highest-since-2007-ahead-of-boe
BOE Rate Decision and Tories’ Misery Index: Sunday UK Briefing: Hello again. Here’s what we’re talking about heading into the new week.
bloomberg.com/news/articles/2024-03-17/boe-rate-decision-and-tories-misery-index-sunday-uk-briefing
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Are 99% mortgages a good idea?: Yorkshire Building Society has launched mortgage product that allows first-time buyers to get onto the property ladder with a ...
itv.com/news/2024-03-27/are-99-mortgages-a-good-idea
UK Inflation Expectations Fall to Lowest Since BOE Hikes Began: UK inflation expectations slipped to the lowest level since summer 2021, before the Bank of ...
bloomberg.com/news/articles/2024-03-15/uk-inflation-expectations-fall-to-lowest-since-boe-hikes-began
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Money blog: Eight major price rises next Monday - but it's not all bad news: National Price Hike Day is on Monday, with water bills, broadband ...
news.sky.com/story/money-latest-mortgage-rates-house-prices-blog-sky-news-live-13040934
BoE's Mann says her rates view was finely balanced before March vote: Bank of England policymaker Catherine Mann said on Monday that her position on the right ...
reuters.com/world/uk/boes-mann-says-her-rates-view-was-finely-balanced-before-march-vote-2024-03-25/
Interest rates could come down sooner than expected: The Bank of England has voted to maintain interest rates at 5.25%
thetimes.co.uk/article/uk-interest-rates-come-down-fall-bank-of-england-zpqg2zrtv
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New report shows it's more affordable to rent than buy a starter home in all major U.S. cities
newschannel5.com/news/new-report-shows-its-more-affordable-to-rent-than-buy-a-starter-home-in-all-major-u-s-cities
UK Interest Rate Outlook 2024: Seven Charts for Bank of England Decision on Cuts: The Bank of England this week is likely to resist signaling imminent interest ...
bloomberg.com/news/articles/2024-03-18/uk-interest-rate-outlook-2024-seven-charts-for-bank-of-england-decision-on-cuts
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Bank of England sees economy 'moving in right direction' for rate cuts: Britain's economy is moving towards the point where the Bank of England can start cutting ...
reuters.com/markets/rates-bonds/bank-england-sees-economy-moving-right-direction-rate-cuts-2024-03-21/
Mortgage interest write-offs unlikely to spark market - CoreLogic: The average yield on rentals has increased to its highest level since 2020 but CoreLogic says ...
rnz.co.nz/news/business/512254/mortgage-interest-write-offs-unlikely-to-spark-market-corelogic
For sterling, the next Bank of England move is anyone's guess: Money market pricing and short-term trading signals make the idea of the first Bank of England ...
reuters.com/markets/europe/sterling-next-bank-england-move-is-anyones-guess-2024-03-19/
BOE Hawks Drop Their Push for Hikes as Rates Remain at 5.25%: Two of the Bank of England’s most ardent hawks withdrew their support for interest rate hikes ...
bloomberg.com/news/articles/2024-03-21/bank-of-england-hawks-drop-push-for-hikes-as-rates-stay-at-5-25
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UK mortgage arrears hit 7-year high, Bank of England says: Official data reflects impact of elevated borrowing costs on households
ft.com/content/cb058251-e021-4b4b-a7a5-cb8ac3566e78
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Dollar steady, yen soft as BOJ policy shift beckons: The dollar was steady on Monday as traders looked ahead to a week dominated by central bank meetings ...
reuters.com/markets/currencies/dollar-steady-yen-soft-boj-policy-shift-beckons-2024-03-18/
UK employers cut forecasts for pay deals to 4% this year, XpertHR says: British employers lowered their forecasts for the pay awards they will make in 2024 ...
reuters.com/world/uk/uk-employers-cut-forecasts-pay-deals-4-this-year-xperthr-says-2024-03-20/
Sterling steadies as survey shows businesses trim hiring and pay plans: Sterling steadied on Wednesday after a survey showed British businesses trimmed back ...
reuters.com/markets/currencies/sterling-steadies-survey-shows-businesses-trim-hiring-pay-plans-2024-03-27/
Sterling hovers near one-month low on rate cut bets: The pound was little changed on Monday, hovering near its lowest level in a month after investors last week ...
reuters.com/markets/currencies/sterling-hovers-near-one-month-low-rate-cut-bets-2024-03-25/
BOE’s Mann Says Underperforming UK Investment a ‘Concern’: Bank of England rate-setter Catherine Mann said that Britain’s lagging investment levels are a ...
bloomberg.com/news/articles/2024-03-12/boe-s-mann-says-underperforming-uk-investment-a-concern
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UK Jobs Market Shows Broad Signs of Cooling in Relief for BOE: Britain’s unemployment rate rose for the first time since July as wage growth eased ...
bloomberg.com/news/articles/2024-03-12/uk-unemployment-rate-rises-unexpectedly-as-pay-growth-eases
Mortgage rates may be a bellwether for 2024 presidential election: Going into this election year, the United States is slogging through a housing affordability ...
apnews.com/article/biden-inflation-housing-trump-home-price-rent-248ef02e197c3a7ffb801e370c529d33
BOE Hands Staff 4% Pay Rise to Match Inflation: The Bank of England will hand staff a 4% pay rise plus a 1% salary top-up in an inflation-matching deal for ...
bloomberg.com/news/articles/2024-03-08/boe-hands-staff-inflation-matching-pay-deal-in-larger-rise
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FTSE 100 hits over 10-month high on Fed stance boost; BoE decision eyed: London equities opened higher on Thursday, as investors welcomed the Federal Reserve's ...
reuters.com/markets/europe/ftse-100-hits-over-10-month-high-fed-stance-boost-boe-decision-eyed-2024-03-21/
M&S Chair Archie Norman Slams Bank of England’s Rate Hikes to Curb UK Inflation: The Bank of England’s efforts to bring down inflation have been “totally ...
bloomberg.com/news/articles/2024-03-10/m-s-chair-archie-norman-slams-bank-of-england-s-rate-hikes-to-curb-uk-inflation
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BoE's Haskel says rate cuts should be 'a long way off', FT reports: Bank of England (BoE) interest-rate setter Jonathan Haskel said that rate cuts should be "a ...
reuters.com/markets/rates-bonds/boes-haskel-says-rate-cuts-are-long-way-off-ft-reports-2024-03-28/
It’s Cheaper to Rent Than Buy in America’s 50 Largest Metro Areas : A new report from the listing site Realtor.com found that in the month of February ...
robbreport.com/shelter/homes-for-sale/cheaper-to-rent-than-buy-us-cities-1235560506/
HSBC brings forward BoE rate cut expectations to June: HSBC on Friday said it now expects the Bank of England (BoE) to cut interest rates by 25 basis points in ...
reuters.com/markets/rates-bonds/hsbc-brings-forward-boe-rate-cut-expectations-june-2024-03-22/
BOE’s Bailey Says UK Economy is at Full Employment: Bank of England Governor Andrew Bailey said that the UK is “near or at full employment” but also signaled ...
bloomberg.com/news/articles/2024-03-12/boe-s-bailey-says-uk-economy-is-at-full-employment
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A handy email template to request a rent reduction from your landlord: Landlords are getting tax relief from next month. Here’s how renters can politely ask for ...
thespinoff.co.nz/society/11-03-2024/a-handy-email-template-to-request-a-rent-reduction-from-your-landlord
UK housing market strengthens in February, RICS survey shows: Britain's housing market picked up in February but property surveyors said uncertainty over the ...
reuters.com/world/uk/uk-housing-market-strengthens-february-rics-survey-shows-2024-03-14/
UK economy may be turning from headwind into tailwind for sterling: UK wage data did its best to pull sterling down from a seven-month peak on Tuesday but the ...
reuters.com/world/uk/uk-economy-may-be-turning-headwind-into-tailwind-sterling-2024-03-13/
Mortgage rates to stay above 6% through 2025, Fannie Mae says: Fannie Mae now says mortgage rates will stay above 6% through 2025, after predicting last month ...
foxbusiness.com/economy/mortgage-rates-stay-above-6-through-2025-fannie-mae-says
Cutting interest paid on Bank of England reserves would be bad, Treasury minister says
reuters.com/business/finance/cutting-interest-paid-bank-england-reserves-would-be-bad-treasury-minister-says-2024-03-12/
Central bankers take centre stage: Interest rate updates and speeches are expected from Washington to Tokyo and Sydney to London
ft.com/content/a5309d00-ba08-4948-ab61-1f1187cbf030
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New Bank of England liquidity backstop to first focus on gilts, insurers: The Bank of England said on Tuesday that its planned liquidity backstop for non-banks ...
reuters.com/markets/bank-englands-new-liquidity-backstop-focus-gilts-insurers-initially-2024-03-12/
Retail sales flatline as wet weather dampens demand: Online spending was up last month as heavy rainfall put off many from heading out to the high street ...
news.sky.com/story/retail-sales-flatline-as-wet-weather-dampens-demand-13099657
Morning Bid: Japan wage deals put BOJ at centre stage: A look at the day ahead in European and global markets from Tom Westbrook
reuters.com/markets/global-markets-view-europe-2024-03-13/
Private credit ties to banks deepen in Europe as default risk rises: Europe's private credit funds are increasingly borrowing from banks to boost their ...
reuters.com/business/finance/private-credit-ties-banks-deepen-europe-default-risk-rises-2024-03-14/
A good time of year to be a sterling bull: The Bank of England could end up beating the Federal Reserve and the European Central Bank in the race to cut interest ...
reuters.com/markets/currencies/good-time-year-be-sterling-bull-2024-03-27/
What the Budget means for your money: A cut in national insurance contributions, reform of the ‘non-dom’ tax status and a British Isa dominated the chancellor’s ...
ft.com/content/1e64bc89-7c51-4d5f-a5ce-adb7fd5106cb
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Quick Glance: Biden's Billionaire Tax Proposal: Expert Insights
- President Joe Biden praised U.S. economic performance in his State of the Union Address and emphasized the importance of raising taxes for the wealthy and corporations.
- Economists applaud proposals to increase corporate and billionaire taxes as potential revenue sources to tackle the U.S. debt crisis.
- The proposed tax credit for first-time homebuyers received approval, but doubts linger about its significant impact.
- Experts express concerns about the potential impact of corporations relocating due to the proposed tax hikes.
Central Banks Hold Key to This Week’s European Market Movements: European stock markets ended Monday's session with mixed results, reflecting ...
riotimesonline.com/central-banks-hold-key-to-this-weeks-european-market-movements/
State pension needs to rise but be means tested, says ex-Bank of England economist
inews.co.uk/inews-lifestyle/money/pensions-and-retirement/uk-means-test-state-pensions-bank-of-england-2951710
Citigroup expects BoE rate cuts from June, not August: Citigroup said it expects the Bank of England (BoE) to start lowering interest rates this year ...
reuters.com/markets/rates-bonds/citigroup-brings-forth-boe-rate-cut-expectation-june-august-2024-03-13/
Meet the new 'Edwin Castro' — winner of $1.76B Powerball jackpot remortgaged home before lucky win: report
nypost.com/2024/03/21/us-news/winner-of-1-76b-powerball-jackpot-remortgaged-home/
How Your Home Can Fill Gaps in Your Retirement Plan: If you have gaps in your plan for retirement income, you might consider adding the value of your home to ...
kiplinger.com/retirement/retirement-how-your-home-can-fill-gaps-in-your-plan
FTSE 100 edges higher as UK economy returns to growth: The UK's blue-chip index held near recent highs on Wednesday after data showed Britain's economy returned ...
reuters.com/world/uk/ftse-100-edges-higher-uk-economy-returns-growth-2024-03-13/
UK public's inflation expectations fall in February -Citi/Yougov: The British public's expectations for inflation over the next year and also the longer term ...
reuters.com/world/uk/uk-publics-inflation-expectations-fall-february-citiyougov-2024-03-12/
FTSE 100 gains for second straight week on BoE's dovish tilt; Phoenix shines: UK's FTSE 100 closed at its highest level in a year on Friday as investors ...
reuters.com/markets/europe/ftse-100-eyes-second-weekly-gain-boes-dovish-tilt-2024-03-22/
Interest rates will fall this year as inflation comes down, Jeremy Hunt says: The Chancellor said he would use digital technology to help restrict public ...
inews.co.uk/news/politics/interest-rates-inflation-fall-jeremy-hunt-2964831
29 cities where renting is much cheaper than buying: Report: Buying a house is more expensive than renting, a new report found. Here are 29 major US cities where ...
businessinsider.com/real-estate-best-cities-for-renters-us-housing-market-report-2024-3
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BoE's Mann: long way for inflation pressures to be consistent with 2% target: Britain has a long way to go for inflation pressures to be consistent with the Bank ...
reuters.com/world/uk/boes-mann-long-way-inflation-pressures-be-consistent-with-2-target-2024-03-11/
Black Couple Who Said an Appraisal of Their Home Was Biased Settle Lawsuit: Nathan Connolly and the estate of Shani Mott, who recently died, will receive a ...
nytimes.com/2024/03/25/realestate/racial-bias-appraisal-settlement.html
London's FTSE 100 opens higher on miners' boost: The UK's FTSE 100 inched higher on Monday as metal miners rose on upbeat economic data from China ...
reuters.com/markets/europe/londons-ftse-100-opens-higher-miners-boost-2024-03-18/
Real Estate Expert Names Property Trump Could Offload Fast — And He Won't Like It
huffpost.com/entry/trump-real-estate-mar-a-lago_n_65fad842e4b0947e4200ddbd
Britain’s high street is still stuck in recession: If retail sales pick up substantially over the next few months, would the Bank be happy cutting rates in the ...
spectator.co.uk/article/britains-high-street-is-still-stuck-in-recession/
Navy Federal says external review finds ‘non-race factors’ explained mortgage approval disparities
cnn.com/2024/03/23/business/navy-federal-external-review-invs/
£100,000 a year ‘doesn’t go far' in southwest Surrey - Chancellor defends claim: Jeremy Hunt was derided over the weekend for making the claim in a post on X ...
itv.com/news/meridian/2024-03-24/100000-a-year-doesnt-go-as-far-in-southwest-surrey-claims-chancellor
Quick Glance: Jeremy Hunt's View on £100k Income & Financial Realities
- Jeremy Hunt's perception of £100,000 as a high income contrasts with the national median of £35,000, placing it significantly above average.
- Even in affluent areas like Godalming and Ash, where Hunt is campaigning, the median income of £56,606 shifts the perspective on six-figure salaries.
- Hunt's remarks were deemed inappropriate by experts as data shows many households are struggling due to living costs, including those in higher income brackets.
- New tax and benefit regulations for higher incomes could lead to unexpected financial burdens, as the offer of free childcare for parents earning over £100,000 is limited.
UK's Hunt says no plan to change how banks are paid to hold reserves at BoE: British finance minister Jeremy Hunt said changes to the way that banks are paid ...
reuters.com/world/uk/uks-hunt-says-no-plan-change-how-banks-are-paid-hold-reserves-boe-2024-03-19/
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